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5430 W Devon Ave 12,263 SF Retail Building Chicago, IL 60646 $2,409,485 ($196.48/SF) 7% Cap Rate
Investment Highlights
- VALUE-ADD OPPORTUNITY: 87.4% Occupied
- EXCELLENT ACCESS & TRANSIT-ORIENTED SITE: Located immediately east of Metra’s Milwaukee District North Edgebrook Station
- ROBUST CHICAGO MSA Chicago is home to the third-largest economy and is the 3rd most populous MSA in the nation (Chicago MSA Population: 9.6 million)
- STRONG OPERATING HISTORY: 19.45 Weighted Average Lapsed Lease Term
- IRREPLACEABLE, DENSE, URBAN INFILL REAL ESTATE: Located in Chicago’s Edgebrook neighborhood
Executive Summary
Qualified investors are presented with the opportunity to acquire 100% fee simple interest in 5430 Devon Avenue, an 11,902-square-foot neighborhood retail center located in Chicago’s thriving Edgebrook community. The property features a diversified tenant roster including USPS, Baird & Warner, Archie Doratie Co, Tax, Titles & Plates, and Little Nest, providing a blend of daily needs and service-oriented uses.
Strategically positioned at the intersection of Devon Avenue (22,400 VPD) and Kinzua Avenue, the property benefits from excellent visibility and is located just steps from Metra’s Milwaukee District North Edgebrook Station. Edgebrook, one of Chicago’s most desirable neighborhoods, offers a dense residential base, high barriers to entry, and exceptional household incomes. The property is currently 87.4% occupied, presenting investors with an immediate opportunity to boost NOI through the lease-up of the 1,500-square-foot vacancy.
Strategically positioned at the intersection of Devon Avenue (22,400 VPD) and Kinzua Avenue, the property benefits from excellent visibility and is located just steps from Metra’s Milwaukee District North Edgebrook Station. Edgebrook, one of Chicago’s most desirable neighborhoods, offers a dense residential base, high barriers to entry, and exceptional household incomes. The property is currently 87.4% occupied, presenting investors with an immediate opportunity to boost NOI through the lease-up of the 1,500-square-foot vacancy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,263 SF
Building Class
C
Year Built
1942
Price
$2,409,485
Price Per SF
$196.48
Cap Rate
7%
NOI
$168,664
Tenancy
Single
Building Height
2 Stories
Building FAR
0.91
Lot Size
0.31 AC
Zoning
NA
Parking
6 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Archie Doratie Co
- -
- 550 SF
- -
- Apr 2031
-
- Professional, Scientific, and Technical Services
- 4,832 SF
- -
- Feb 2029
Baird & Warner began in 1855 in Chicago as a real estate and mortgage business and grew through the city's rebuilding after the Great Fire and later housing expansion. The company now provides residential brokerage, home financing through Key Mortgage Services, title and closing services through Baird & Warner Title Services, and property management for rental homes, townhomes, condos, and small apartment buildings. Baird & Warner remains a family-owned real estate services company with a long presence in Chicagoland and a business model built around buying, selling, lending, title work, and rental property management.
- Little Nest
- -
- 3,190 SF
- -
- Jul 2029
- Tax, Title & Plates
- -
- 390 SF
- -
- May 2028
- USPS
- -
- 1,440 SF
- -
- Feb 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Archie Doratie Co | - | 550 SF | - | Apr 2031 | ||
|
|
Professional, Scientific, and Technical Services | 4,832 SF | - | Feb 2029 | ||
| Little Nest | - | 3,190 SF | - | Jul 2029 | ||
| Tax, Title & Plates | - | 390 SF | - | May 2028 | ||
| USPS | - | 1,440 SF | - | Feb 2029 |
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $223,941 | |
| Land Assessment | $116,559 | Total Assessment | $340,500 |
Property Taxes
Parcel Numbers
Land Assessment
$116,559
Improvements Assessment
$223,941
Total Assessment
$340,500
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5430 W Devon Ave